No engine monitor. Still has only the stock engine equipment...single point EGT, oil temp, oil pressure, fuel flow (that's really fuel pressure). No CHT, no per-cylinder EGT, no flow transducer. I've debated putting a monitor in. Everyone I've spoken to says it's pricey overkill for a 172 and that it'll just confuse the students. I'm beginning to think that may be bad advice.
Definitely bad advice.
The monitor isn't for them - It's for you. You can download the data (do not even bother with one that doesn't log data!) and you can figure out a LOT of things: Whether anyone is abusing the engine, whether something is normal or not and when it changed, and you can save a ton of money on troubleshooting.
Example: Plane goes out for a flight, but runs rough on runup.
No engine monitor: "Hey Mr. A&P, this engine is running rough on the mag check."
Engine monitor: "Hey Mr. A&P, I need you to replace the bottom spark plug on the #4 cylinder."
Which do you think is going to cost you less?
Another example, from when I was the club's maintenance officer: I got a squawk that the #4 cylinder on the DA40 was running hot. If I hadn't had any engine data, I'd have needed to call the shop and tell them that. They would have looked at the baffling, maybe adjusted things, maybe done some other checks on the engine looking for the problem, but it wouldn't have fixed anything (see below) and we would have spent a lot of money to troubleshoot it with no fix, meaning it probably would have gone into the shop more than once.
But, because I had engine data (and lots of other data from the G1000), I was able to look back through 5 years of operation and find that that cylinder was running the same as it always had under similar conditions (OAT, altitude, airspeed, power setting). I was even able to get data from another plane that was one serial number away from ours from cirrusreports.com and find that it, too, ran hotter on #4 than the rest and had similar temps for similar conditions, and so did some other DA40s. So, it was perfectly normal and we spent exactly $0 paying an A&P to go searching for a nonexistent problem.
Can't speak to the first part, but as for the second part the G1000 has a built-in monitor/analyzer and primary students don't seem to be too confused by it.
At least, no more confused than they are with the rest of the G1000.